Main Street Group LTD Boosts Stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Main Street Group LTD raised its holdings in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,274 shares of the company’s stock after purchasing an additional 284 shares during the quarter. ProShares UltraPro S&P 500 accounts for 1.4% of Main Street Group LTD’s holdings, making the stock its 11th largest holding. Main Street Group LTD owned 0.09% of ProShares UltraPro S&P 500 worth $3,836,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in ProShares UltraPro S&P 500 by 28.6% in the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the company’s stock valued at $80,000 after purchasing an additional 200 shares during the period. SBI Securities Co. Ltd. purchased a new stake in ProShares UltraPro S&P 500 in the fourth quarter valued at $87,000. Blair William & Co. IL purchased a new stake in ProShares UltraPro S&P 500 in the fourth quarter valued at $135,000. Mayflower Financial Advisors LLC purchased a new stake in ProShares UltraPro S&P 500 in the fourth quarter valued at $230,000. Finally, Koshinski Asset Management Inc. raised its position in ProShares UltraPro S&P 500 by 8.2% in the fourth quarter. Koshinski Asset Management Inc. now owns 2,793 shares of the company’s stock valued at $248,000 after purchasing an additional 212 shares during the period.

ProShares UltraPro S&P 500 Stock Up 2.0%

NYSEARCA:UPRO opened at $79.37 on Wednesday. ProShares UltraPro S&P 500 has a 52 week low of $45.88 and a 52 week high of $100.06. The company has a market capitalization of $4.05 billion, a P/E ratio of 19.60 and a beta of 3.03. The stock’s fifty day moving average is $68.46 and its two-hundred day moving average is $84.42.

About ProShares UltraPro S&P 500

The ProShares UltraPro S&P500 (UPRO) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 3x leveraged daily exposure to a market cap-weighted index of large-cap and mid-cap US companies selected by the S&P Committee. UPRO was launched on Jun 25, 2009 and is managed by ProShares.